EliteXC has cancelled its “Night of Champions” event on Nov. 8 at Reno Events Center in Reno, Nev., and the promotion is in its final days of business, according to a report by Sherdog.com.

EliteXC middleweight champion Robbie Lawler was supposed to defend his title against Joey Villasenor and Nick Diaz and Eddie Alvarez were supposed to fight for the vacant EliteXC lightweight title on Nov. 8.

T. Jay Thompson, a ProElite executive, told Sherdog.com he was informed Monday that ProElite, the parent company of EliteXC, was closing its doors for good this week and bankruptcy paperwork had been filed.

Graciefighter.comconfirmed that EliteXC has folded with a post on Monday evening that read, “We are confirming that EliteXC has folded. What this means for our fans and supporters is that there will not be a Nick Diaz vs. Eddie Alvarez fight on Nov. 8. However, (EliteXC welterweight champion) Jake Shields in the UFC has now become a real possibility. We will be updating our site for future developments.”